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 Video: What is a Stock Split?
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| Emerging Global Shares Dow Jones Emerging Markets Financials Titans Index Fund is an open-end managment investment company. The Fund seeks to achieve its investment objective of total return by investing in the constituent securities of the Dow Jones Emerging Markets Financials Titans Index (the “Underlying Index”). The Underlying Index is a stock market index comprised of 30 leading Emerging Markets companies that Dow Jones Indices deem to be part of the Financials sector of the global economy as defined by their ICB (Industry Classification Benchmark) methodology. As of Mar 31 2011, Co. had total assets of $11,158,709 and its investment portfolio totaled $11,123,425. According to our EFN split history records, EFN has had 1 split. | |
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EFN (EFN) has 1 split in our EFN split history database. The split for EFN took place on September 16, 2010. This was a 2 for 1 split, meaning for each share of EFN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as EFN splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the EFN split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EFN shares, starting with a $10,000 purchase of EFN, presented on a split-history-adjusted basis factoring in the complete EFN split history.
EFN -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 09/16/2010 | 2 for 1 |
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